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Private information, capital flows, and exchange rates
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| 자료유형 | 단행본 |
|---|---|
| 서명/저자사항 | Private information, capital flows, and exchange rates/ prepared by Jacob Gyntelberg, Mico Loretan, and Tientip Subhanij. |
| 개인저자 | Gyntelberg, Jacob,author. Loretan, Mico,author, Tientip Subhanij,author, |
| 단체저자명 | International Monetary Fund. Institute for Capacity Development. |
| 발행사항 | [Washington, D.C.]: International Monetary Fund, ?012. |
| 형태사항 | 1 online resource (29 pages). |
| 총서사항 | IMF working paper;WP/12/213 |
| ISBN | 1475562853 9781475562859 |
| 일반주기 |
Title from PDF title page (IMF Web site, viewed Aug. 30, 2012).
"Institute for Capacity Development." "September 2012." |
| 서지주기 | Includes bibliographical references. |
| 요약 | We demonstrate empirically that not all capital flows influence exchange rates equally: Capital flows induced by foreign investors' stock market transactions have both an economically significant and a permanent impact on exchange rates, whereas capital flows induced by foreign investors' transactions in government bond markets do not. We relate these differences in the price impact of capital flows to differences in the amounts of private information conveyed by these flows. Our empirical findings are based on novel, daily-frequency datasets on prices and quantities of all transactions of foreign investors in the stock, bond, and onshore FX markets of Thailand. |
| 주제명(지명) | Thailand. --fast |
| 일반주제명 | Capital movements --Thailand. Foreign exchange rates --Thailand. BUSINESS & ECONOMICS --Finance. Capital movements. Foreign exchange rates. |
| 언어 | 영어 |
| 바로가기 |  |
